- China SPBD to Form JV with Silicon Valley
Shanghai Pudong Development Bank and Silicon Valley Bank of the U.S. plan to jointly set up a bank in China that will serve small- and medium-size technology companies.
- Sinopec Buys OXY's Argentina Assets for $ 2.4Bln
China Petrochemical Corp, parent of Sinopec Corp, has signed an agreement with U.S.-based Occidental Petroleum Corp. to acquire its Argentina unit’s oil and assets for 2.45 billion U.S. dollars.
- Brazil's Vale to List in Hong Kong on Dec.8
The Sao Paulo-based Vale said it would list about 652 million common shares and class A preferred shares on the financial hub’s bourse, making it the largest listed foreign company in non-financial sector.
- GIC Becomes Second Biggest Share Holder of CICC
The Government of Singapore Investment Corp will become the second-largest share holder of China Investment Capital Corporation (CICC) after it receives a substantial stake from Morgan Stanley for its exit.
- Dangdang to Raise $204Mln via U.S. IPO
Dangdang hopes to raise 204 million U.S. dollars via its 17 million American depositary shares of U.S. IPO on the estimated date of December 8.
- Chinese Government to Probe Tencent, Qihoo
Investigations will be conducted over the illegal business practices of the two companies, and the two should be fully co-operate with inquiry, the MIIT said.
- GM Ready to Clinch the Title of Biggest IPO Ever
Chances are rising for General Motors Co GM.UL to clinch the title of the biggest initial public offering ever in history, after the auto maker priced shares at the top of the proposed range in response to huge investors.
- GOME to Hold EGM to Add Two Directors
An GEM will be held on Thursday to discuss proposals to add two of Huang’s representatives to the board, after the two reached an agreement to end the dispute over power control at the second-largest retailer in China.